HELJUWA: what changed
What changed
HELJUWA
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€43,761
2024 · €46,588-€2,827
Equity
€329,867
2024 · €286,106+€43,761
Cash
€44,638
2024 · €84,632-€39,993
Balance sheet total
€893,065
2024 · €669,942+€223,123
Largest movements
Assets
- Tangible fixed assets +€278,056
up €278,056 (+98.2%), from €283,052 to €561,108
of which Land and buildings: +€279,032
- Cash -€39,993
down €39,993 (-47.3%), from €84,632 to €44,638
mainly Investment in fixed assets (net) (-€315,677) and Debts after one year (-€29,256)
- Receivables within one year -€14,960
down €14,960 (-5.0%), from €301,647 to €286,687
of which Trade receivables: -€12,092
Equity and liabilities
- Short-term financial debts +€125,000
new in 2025: €125,000
- Trade debts +€79,024
up €79,024 (+3,438%), from €2,298 to €81,322
- Reserves +€43,761
up €43,761 (+17.1%), from €256,106 to €299,867
- Debts after one year -€29,256
down €29,256 (-21.8%), from €134,124 to €104,867
Income statement
- Gross operating margin -€15,981
down €15,981 (-12.3%), from €129,682 to €113,701
- Depreciation -€10,063
down €10,063 (-21.1%), from €47,684 to €37,621
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€46,588
Gross operating margin
-€15,981
Depreciation
+€10,063
Other operating charges
+€760
Financial income
-€0
Financial charges
+€1,248
Taxes
+€1,083
Result 2025
€43,761
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€181,843
Investment
-€315,677
Financing
+€93,840
Cash 2024
€84,632
From operations (derived)
+€181,843
Net result for the year
+€43,761
Depreciation
+€37,621
Receivables within one year
+€14,960
Smaller working-capital items
-€34
Trade debts
+€79,024
Other debts
+€6,511
Investment (derived)
-€315,677
Investment in fixed assets (net)
-€315,677
Financing
+€93,840
Debts after one year
-€29,256
Current portion of long-term debt
-€1,903
Short-term financial debts
+€125,000
Cash 2025
€44,638
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €669,942 | €893,065 | +€223,123 | +33.3% |
| Fixed assets | 21/28 | €283,052 | €561,108 | +€278,056 | +98.2% |
| Tangible fixed assets | 22/27 | €283,052 | €561,108 | +€278,056 | +98.2% |
| Land and buildings | 22 | €280,055 | €559,087 | +€279,032 | +99.6% |
| Furniture and vehicles | 24 | €2,997 | €2,022 | -€976 | -32.6% |
| Current assets | 29/58 | €386,889 | €331,956 | -€54,933 | -14.2% |
| Amounts receivable within one year | 40/41 | €301,647 | €286,687 | -€14,960 | -5.0% |
| Trade receivables | 40 | €20,815 | €8,723 | -€12,092 | -58.1% |
| Other amounts receivable | 41 | €280,832 | €277,964 | -€2,868 | -1.0% |
| Cash at bank and in hand | 54/58 | €84,632 | €44,638 | -€39,993 | -47.3% |
| Deferred charges and accrued income | 490/1 | €611 | €631 | +€21 | +3.4% |
| Total equity and liabilities | 10/49 | €669,942 | €893,065 | +€223,123 | +33.3% |
| Equity | 10/15 | €286,106 | €329,867 | +€43,761 | +15.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €256,106 | €299,867 | +€43,761 | +17.1% |
| Distributable reserves | 133 | €256,106 | €299,867 | +€43,761 | +17.1% |
| Amounts payable | 17/49 | €383,835 | €563,197 | +€179,362 | +46.7% |
| Amounts payable after more than one year | 17 | €134,124 | €104,867 | -€29,256 | -21.8% |
| Financial debts | 170/4 | €134,124 | €104,867 | -€29,256 | -21.8% |
| Amounts payable within one year | 42/48 | €248,106 | €456,547 | +€208,440 | +84.0% |
| Current portion of amounts payable after more than one year | 42 | €31,160 | €29,256 | -€1,903 | -6.1% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €2,298 | €81,322 | +€79,024 | +3,438% |
| Suppliers | 440/4 | €2,298 | €81,322 | +€79,024 | +3,438% |
| Taxes, remuneration and social security | 45 | €19,305 | €19,114 | -€191 | -1.0% |
| Taxes | 450/3 | €19,305 | €19,114 | -€191 | -1.0% |
| Other amounts payable | 47/48 | €195,344 | €201,855 | +€6,511 | +3.3% |
| Accrued charges and deferred income | 492/3 | €1,605 | €1,783 | +€178 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,684 | €37,621 | -€10,063 | -21.1% |
| Other operating charges | 640/8 | €5,004 | €4,243 | -€760 | -15.2% |
| Gross operating margin | 9900 | €129,682 | €113,701 | -€15,981 | -12.3% |
| Operating profit (loss) | 9901 | €76,994 | €71,836 | -€5,158 | -6.7% |
| Financial income | 75/76B | €8,250 | €8,250 | -€0 | 0.0% |
| Recurring financial income | 75 | €8,250 | €8,250 | -€0 | 0.0% |
| Financial charges | 65/66B | €20,538 | €19,290 | -€1,248 | -6.1% |
| Recurring financial charges | 65 | €20,538 | €19,290 | -€1,248 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €64,706 | €60,797 | -€3,910 | -6.0% |
| Income taxes | 67/77 | €18,119 | €17,036 | -€1,083 | -6.0% |
| Profit (loss) for the period | 9904 | €46,588 | €43,761 | -€2,827 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,588 | €43,761 | -€2,827 | -6.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.